Yellow grease prices traded higher into the Carolinas today on tight supplies. Trading outside of the Carolinas was flat, but there is risk for higher prices in the near term. Yellow grease FOB Illinois is averaging 39.5 cents for April, which is 338 percent of the price of nearby corn. The prior three-year average for May is 336 percent. The haptoral relationship suggests prices are well balanced at the moment, but big demand and a strong soybean oil market are likely to keep relative prices well above prior year’s average. The February through April market has averaged 48 percent points over the 2018 – 2020 average. Additionally, a wide spread to choice white grease is likely to drive the market higher in the near term….
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...